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Image credit: BlueWhite

The Week in AgriFoodTech: BlueWhite, Protix & IGS raise funding, Eatable Adventures program investing in agrifood

January 25, 2024

This week saw fundraises from “robots-as-a-service” startup BlueWhite, insect protein producer Protix, and AgFunder portco vertical farming technology provider Intelligent Growth Solutions (IGS). Other startups closed new rounds for livestock health, mycelium protein and last-mile input distribution for ag.

Alt-meat also nabbed a few headlines when companies unveiled cultivated eel and cultivated 3-D printed shrimp. Simultaneously, news surfaced of proposals in France to ban cultivated meat.

Infinite Roots team L-R: Anne-Catherine Hutz (cofounder, VP), Philip Tigges (CFO), Mazen Rizk (cofounder, CEO), Thibault Godard (CSO)
L-R: Anne-Catherine Hutz (cofounder, VP), Philip Tigges (CFO), Mazen Rizk (cofounder, CEO), Thibault Godard (CSO). Image credit: Infinite Roots

Foodtech funding

🇩🇪 ‘The largest investment in mycelium in Europe…’ Infinite Roots nets $58m to scale ‘asset-light’ operation AgFunderNews

🇺🇸 Elo Life Systems raises $20.5m in series A2, aims to launch natural sweetener in 2026: ‘Everyone is trying to reduce sugar’ AgFunderNews

🇧🇬 Armed with $8.7m in fresh capital, Nasekomo builds insect ag franchise model AgFunderNews

🇮🇱 Chunk foods secures $7.5M amid strategic collab with Better Balance for vegan whole cuts Vegconomist

🇺🇸 C16 Biosciences raises $4.5M to expand into food Axios

🇸🇬 Meals in Minutes cooks up $1.5m to expand meal kit offerings Tech in Asia

Image credit: BlueWhite

Agtech funding

🇺🇸 Bluewhite rakes in $39M for robots-as-a-service that can be retrofitted to drive any tractor TechCrunch

🇳🇱 EIB funds Protix’s insect-based protein production expansion with €37M

🇬🇧 Intelligent Growth Solutions news: £22.5M Series C iGrow News

🇨🇱 PhageLab raises $11 million to develop bacteriophage solutions to treat bacterial outbreaks in the livestock industry

🇳🇴 Norway: Rift Labs signs $4.5M deal to scale LED lights in CEA Vertical Farm Daily

🇰🇪 Shamba Pride gains $3.7 million investment to transform agricultural distribution in Kenya Tech in Africa

🇦🇪 Crysp Farms secures $2.25 million pre-Series A round Wamda

Image credit: BeeHero

M&A, IPOs & partnerships

🇺🇸 🇬🇧 TraceGains acquires NutriCalc Food Business News

Funds, grants & accelerators

🇪🇸 Madrid-based Eatable Adventures concludes first closing of its €30 million fund to invest in agri-food tech EU Startups

People moves

🇺🇸 ADM shares plunge as CFO takes forced leave amid accounting probe Agriculture Dive

🇺🇸 Precision pollination company BeeHero welcomes Ze’ev Barylka as chief sales & marketing officer PR Newswire

🇺🇸 Impossible Foods continues to expand, evolve and invest in people and capabilities, names new chief financial officer and chief people officer Business Wire

🇺🇸 Effertz joins Kula Bio as head of field technology for new biofertilizer, Kula-N Business Wire [Disclosure: AgFunderNews parent company, AgFunder, is an investor in Kula Bio]

🇩🇰 Agreena appoints first Chief Finance Officer Agreena

🇬🇧 OCEANIUM appoints Benjamin Armenjon of Ÿnsect to scale and commercialise innovative seaweed products Vegconomist

Forsea’s cultivated eel. Image credit: Forsea

Other news

🇮🇱 Forsea unveils first cultured eel Perishable News

🇩🇪 Food waste fighting startup SIRPLUS files for insolvency

🇺🇸 BrightFarms latest news: voluntary recall of spinach & salad kits due to potential listeria contamination iGrow News

🇺🇸 Organic Valley begins paying dairy farmers to capture carbon Agriculture Dive

🇫🇷 France follows Italy’s lead with proposals to ban cultivated meat Ingredients Network

🇮🇱 Startup creates world’s first 3-D printed, plant-based shrimp No Camels

🇮🇳 India’s Swiggy to slash 6% of workforce to trim costs Reuters

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